Fibo extension of last impulsive fall shows it potential end around $7850 which is very close to 61.8% fibo retracement of whole rise from 6.5k. Violet line (3k - 6k) and the blue line may stop this fall however going through whole demand zone (green rectangle) has bigger possibility.
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We are group of mostly Polish traders but welcome everyone to join our Discord crypto&fx group: ChartInsiders.com - discord.gg/dWaU2rS My Twitter Account: twitter.com/Crypto_Investor
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.